Buying Selling Shares when markets closed

[OrangeJuice]

Hi, 
As we now have Easter holidays, I was wondering how shares are executed for London Stock Exchange and NYSE?
I've noticed that NYSE has pre-market and post market offerings, does this only apply to week days and not weekends/holidays?
If yes, then I suppose I cannot place a market order but a limit order in these periods instead and order is queued, when and at what price it it executed ? 

Will the same apply for LSE?

Sorry about all the questions, but thanks in advance.

[Caseynotes]

42 minutes ago, OrangeJuice said:

Hi, 
As we now have Easter holidays, I was wondering how shares are executed for London Stock Exchange and NYSE?
I've noticed that NYSE has pre-market and post market offerings, does this only apply to week days and not weekends/holidays?
If yes, then I suppose I cannot place a market order but a limit order in these periods instead and order is queued, when and at what price it it executed ? 

Will the same apply for LSE?

Sorry about all the questions, but thanks in advance.

Hi, yes IG shuts all markets at 10pm tonight with most opening Sunday evening. You can put an order in before market open but over any weekend and especially a long weekend you will likely get slippage (maybe even in your favour). (see hours link below). With current market uncertainty and volatility probably very risky though the weekend indices will open on Saturday if needing a hedge.

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/market-details/what-are-ig-s-easter-trading-hours

Edited April 9, 2020 by Caseynotes

[OrangeJuice]

Hi, Thanks Caseynotes. If an order is placed pre or post market periods, does it get executed immediately at the current price (on yahoo I can see pre or post prices for US stock) ?

[Caseynotes]

14 hours ago, OrangeJuice said:

Hi, Thanks Caseynotes. If an order is placed pre or post market periods, does it get executed immediately at the current price (on yahoo I can see pre or post prices for US stock) ?

Hi, if I remember correctly the pre and post periods on the exchange are for institutional orders but IG makes their own market with many of the larger US stocks providing extended hours for those marked 'All Sessions'.

[dmedin]

19 minutes ago, Caseynotes said:

IG makes their own market

😏

Stay away from those 'weekend' indices - they are exclusive to IG for a reason...

[Caseynotes]

12 minutes ago, dmedin said:

😏

Stay away from those 'weekend' indices - they are exclusive to IG for a reason...

The thing is that with near 200,000 clients IG is big enough to constantly gauge buy/sell interest and so are able to provide a weekend market.

[dmedin]

10 minutes ago, Caseynotes said:

The thing is that with near 200,000 clients IG is big enough to constantly gauge buy/sell interest and so are able to provide a weekend market.

200,000 retail punters versus one or two big institutions or a central bank - no contest.

[Caseynotes]

7 minutes ago, dmedin said:

200,000 retail punters versus one or two big institutions or a central bank - no contest.

The large institutional/professional traders with IG make up by far the majority of size traded, not IG's retail traders.

[OrangeJuice]

Hi,

If I am trading in stocks (equity)  as a swing trader (1-5 days) in normal hours and set my stops (limit and loss), and left them open overnight can they trigger in out of hours (pre/post markets) ? 
 

Is this the normal thing to do when buying / selling equity as during out of hours stocks can become a lot more volatile and pose more risk?

Thanks